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C13 Microeconomics Online Exams 1-8 Answers (Ashworth College)

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A. change in labor necessary to produce an additional unit of output<br />

B. cost of additional labor necessary to produce an additional unit of<br />

output<br />

C. change in output resulting from adding an additional unit of labor<br />

D. change in revenue resulting from adding an additional unit of labor<br />

Question 22 of<br />

2.5/ 2.5 Points<br />

40<br />

Poverty rates among the elderly are __________ .<br />

A. much lower than poverty rates among children<br />

B. higher than the poverty rates among children<br />

C. approximately the same as the poverty rates among<br />

children<br />

D. rising more rapidly than the poverty rates among children<br />

Question 23 of<br />

0.0/ 2.5 Points<br />

40<br />

Without the government's redistribution programs, the income share of the lowest quintile would<br />

__________ and the income share of the highest quintile would __________ .<br />

A. decrease; remain the<br />

same<br />

B. decrease; increase<br />

C. remain the same; increase<br />

D. increase; decrease<br />

Question 24 of<br />

2.5/ 2.5 Points

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